Economists Cut Forecasts for Brazilian Economic Growth

Economists again reduced their growth forecasts for Brazil in 2014 and for next year because of weak economic activity in the first quarter, according to a weekly central-bank survey published Monday.

The 100 respondents in the survey reduced their estimates for economic growth this year to 1.24% from 1.44% while they cut their 2015 estimate to 1.73% from 1.80%. It was the third-consecutive reduction of the growth outlook for this...